NOT LISTED FOR SALE

528 E Branch St Arroyo Grande, CA 93420

Estimated Value: $2,550,762

6 Beds
5 Baths
5,100 Sq Ft
$500/Sq Ft Est. Value

Last Sold February 20, 2015

Last sale price $1,345,000 $264 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $15,266/month

220 Days on Market

Highlights

  • Cooling Available
  • Forced Air Heating System
  • Ceiling Fan
  • Ocean View Elementary School Rated A-

About This Home

As of February 2015

Marketing Remarks: Agents/Brokers: Please see confidential remarks below. Brand new 5 unit mixed-use building in the Village of Arroyo Grande! Three luxury apartments and two commercial spaces; all are leased. The apartments are: Two 2 bed/2 bath units that average 1,200 square feet with great rooms and living rooms rented at $1,950 each for one year. One 2 bed/1 bath unit at 900 square feet rented at $1,650 for one year. Commercial spaces are below apartments and both have bathrooms...one is 800 square feet and is rented at $1.40/sq foot for 3 years and the other is 1,000 square feet leased at $1.60/ sq foot for three years. High quality interior finishes including stone counters, tile backsplash and bathrooms, wood floors, formal living room, Maytag appliances, laundry closet for full size washer & dryer, walk-in closets, high ceilings, tankless hot water system, craftsman moulding and doors, and views from som

Last Agent to Sell the Property

Guy Torelli

Torelli Investment Realty License #00666517 Listed on: 12/14/2014

Last Buyer's Agent

Shawn Vegezzi

Vegezzi Realty License #01705860

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,722

Year Built

  • Built in 2014

Lot Details

  • 8,889 Sq Ft Lot

Home Design

  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 5,100 Sq Ft Home
  • Ceiling Fan

Utilities

  • Cooling Available
  • Forced Air Heating System

Community Details

  • 5 Units
  • Net Operating Income $74,755

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Assessor Parcel Number 007501040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,722

Year Built

Built in 2014

Lot Details

0

Listing Details

  • CapRate: 5.40
  • Subdivision Name Other: Sea Clift Estates(500)
  • Property Type: Residential Income
  • Parcel Number: 007501040
  • Year Built: 2014
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Levels: Two
  • Price Per Square Foot: 263.73

Exterior Features

  • Foundation: Block
  • Roof: Shingle

Utilities

  • Heating Type: Forced Air
  • Cooling: Yes

Lot Info

  • Lot Size Sq Ft: 8889.00
  • Lot Size Acres: 0.2000

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Lot Size Area: 8889.0000 Square Feet
  • Net Operating Income: 74755.00
  • Number Of Units Total: 5
  • Operating Expense: 22500.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 24, 2015
Sold by
Caserio Kerri L
Bought by
Kerri L Caserio Family Trust
Current Estimated Value
$2,550,762

Purchase Details

Closed on
Jun 3, 2015
Sold by
Caserio Kerri L
Bought by
Caserio Kerri L and Kerri L Caserio Family Trust

Purchase Details

Closed on
May 28, 2015
Sold by
Dalidio Ernie F and Dalidio Gst Exempt Exemption T
Bought by
Caserio Kerri L

Purchase Details

Listed on
Dec 14, 2014
Closed on
Feb 2, 2015
Sold by
Cal Projects Llc
Bought by
Dalidio Ernie F and Dalidio Gst Exempt Exemption T
Seller's Agent
Guy Torelli
Torelli Investment Realty
Buyer's Agent
Shawn Vegezzi
Vegezzi Realty
List Price
$1,550,000
Sold Price
$1,345,000
Premium/Discount to List
-$205,000
-13.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.27%

Purchase Details

Closed on
Apr 15, 2013
Sold by
Zeidman Myra
Bought by
Cal Projects Llc

Purchase Details

Closed on
Aug 10, 2004
Sold by
Db & M Properties Llc
Bought by
Deblauw Builders Inc

Purchase Details

Closed on
Feb 5, 2003
Sold by
Db & M Properties
Bought by
Zeidman Myra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5.6%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kerri L Caserio Family Trust -- None Available
Caserio Kerri L -- None Available
Caserio Kerri L -- None Available
Dalidio Ernie F $1,345,000 Fidelity National Title Co
Cal Projects Llc $255,000 Fidelity National Title Co
Deblauw Builders Inc $357,500 --
Zeidman Myra $325,000 Fidelity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cal Projects Llc $450,000
Previous Owner Zeidman Myra $245,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2015 02/20/15 Sold $1,345,000 -13.2% $264 / Sq Ft
01/20/2015 01/20/15 Pending -- -- --
06/14/2014 06/14/14 For Sale $1,550,000 -- $304 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,722 $1,616,478 $540,827 $1,075,651
2024 $16,530 $1,584,783 $530,223 $1,054,560
2023 $16,530 $1,553,710 $519,827 $1,033,883
2022 $16,280 $1,523,246 $509,635 $1,013,611
2021 $16,248 $1,493,380 $499,643 $993,737
2020 $16,063 $1,478,068 $494,520 $983,548
2019 $15,947 $1,449,087 $484,824 $964,263
2018 $15,756 $1,420,674 $475,318 $945,356
2017 $15,495 $1,392,819 $465,999 $926,820
2016 $14,638 $1,365,510 $456,862 $908,648
2015 $12,210 $1,131,274 $280,536 $850,738
2014 -- $451,157 $226,021 $225,136
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2015

    Guy Torelli

    Torelli Investment Realty

  • S

    Buyer's Agent in 2015

    Shawn Vegezzi

    Vegezzi Realty

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP1045242

California Regional Multiple Listing Service (CRMLS)

APN: 007-501-040

California San Luis Obispo County Arroyo Grande 93420

528 E Branch St, Arroyo Grande, CA

This home is located at 528 E Branch St, Arroyo Grande, CA 93420 since 14 December 2014 and is currently estimated at $2,550,762, approximately $500 per square foot. This property was built in 2014. 528 E Branch St is a home located in San Luis Obispo County with nearby schools including Ocean View Elementary School, Paulding Middle School, and Arroyo Grande High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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